IOTA (MIOTA) and DASH (DASH) have both recently initiated upward moves and validated their respective resistance lines.
Furthermore, MIOTA has been trading near its resistance for several days. DASH, on the other hand, reached the resistance line earlier this week before experiencing slight price losses.
A breakout appears possible for both, but we must analyze the cryptocurrencies in more depth before we can draw any conclusion. We begin our analysis by looking at IOTA:
IOTA Reaches Resistance
MIOTA/USD reached a low of 4400 satoshis on Apr 26. A rapid upward move followed, and the price reached a high of 6244 satoshis on Apr 29.
Subsequently, the price began falling. It validated the support line on May 13 before pushing upward to the resistance line. The price has been decreasing since, trading inside the descending channel outlined below: